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Old 28-07-2020, 06:09 PM   #1
lordofthering
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Join Date: Feb 2019
Posts: 5,137
Investing in a Condo?

Anyone works out the sum before? I think condo investing should be much more complicated than normal stocks/bonds investing

I am looking at a 700k condo which can yield 2% rental. If I were to pay half in cash, the mortgage seems to be $1500 per month and I can cover by renting out the condo

Say if the condo price raise 4% per year and 10 years later, it be worth about 1mil. Remember i only took out 350k of my capital and the return is 300k

(650k/350)^(1/10)=6.3%.

Thoughts?
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